ARMONICS: what changed
ARMONICS
Largest movements
- Cash -€67,720
down €67,720 (-72.3%), from €93,680 to €25,960
mainly Other debts (-€30,553) and Contributions, distributions and other (-€25,840)
- Other debts -€30,553
down €30,553 (-91.1%), from €33,549 to €2,995
- Profit (loss) carried forward -€22,310
no longer reported in 2025 (was €22,310)
- Tax, wage and social debts -€13,821
down €13,821 (-19.1%), from €72,377 to €58,556
of which Taxes: -€19,820
- Trade debts -€2,506
down €2,506 (-63.1%), from €3,972 to €1,466
- Accrued charges and deferred income -€1,830
no longer reported in 2025 (was €1,830)
- Staff costs +€66,267
up €66,267 (+137%), from €48,276 to €114,543
- Taxes -€11,616
down €11,616 (-81.7%), from €14,219 to €2,604
- Gross operating margin +€11,548
up €11,548 (+10.3%), from €112,618 to €124,167
- Depreciation +€1,349
up €1,349 (+82.7%), from €1,632 to €2,981
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,637 | €81,617 | -€71,020 | -46.5% |
| Fixed assets | 21/28 | €20,464 | €18,805 | -€1,659 | -8.1% |
| Intangible fixed assets | 21 | €11,995 | €10,745 | -€1,250 | -10.4% |
| Tangible fixed assets | 22/27 | €3,069 | €2,660 | -€409 | -13.3% |
| Furniture and vehicles | 24 | €3,069 | €2,660 | -€409 | -13.3% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €132,173 | €62,812 | -€69,361 | -52.5% |
| Amounts receivable within one year | 40/41 | €36,595 | €35,833 | -€762 | -2.1% |
| Trade receivables | 40 | €35,735 | €33,537 | -€2,197 | -6.1% |
| Other amounts receivable | 41 | €860 | €2,295 | +€1,435 | +167% |
| Cash at bank and in hand | 54/58 | €93,680 | €25,960 | -€67,720 | -72.3% |
| Deferred charges and accrued income | 490/1 | €1,898 | €1,020 | -€878 | -46.3% |
| Total equity and liabilities | 10/49 | €152,637 | €81,617 | -€71,020 | -46.5% |
| Equity | 10/15 | €40,910 | €18,600 | -€22,310 | -54.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,310 | - | -€22,310 | |
| Amounts payable | 17/49 | €111,727 | €63,017 | -€48,710 | -43.6% |
| Amounts payable within one year | 42/48 | €109,897 | €63,017 | -€46,880 | -42.7% |
| Trade debts | 44 | €3,972 | €1,466 | -€2,506 | -63.1% |
| Suppliers | 440/4 | €3,972 | €1,466 | -€2,506 | -63.1% |
| Taxes, remuneration and social security | 45 | €72,377 | €58,556 | -€13,821 | -19.1% |
| Taxes | 450/3 | €61,302 | €41,483 | -€19,820 | -32.3% |
| Remuneration and social security | 454/9 | €11,075 | €17,073 | +€5,998 | +54.2% |
| Other amounts payable | 47/48 | €33,549 | €2,995 | -€30,553 | -91.1% |
| Accrued charges and deferred income | 492/3 | €1,830 | - | -€1,830 | |
| Remuneration, social security and pensions | 62 | €48,276 | €114,543 | +€66,267 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €2,981 | +€1,349 | +82.7% |
| Other operating charges | 640/8 | €125 | €125 | = | 0.0% |
| Gross operating margin | 9900 | €112,618 | €124,167 | +€11,548 | +10.3% |
| Operating profit (loss) | 9901 | €62,585 | €6,517 | -€56,068 | -89.6% |
| Financial income | 75/76B | €341 | €317 | -€24 | -7.1% |
| Recurring financial income | 75 | €341 | €317 | -€24 | -7.1% |
| Financial charges | 65/66B | €780 | €700 | -€80 | -10.2% |
| Recurring financial charges | 65 | €780 | €700 | -€80 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €62,146 | €6,134 | -€56,012 | -90.1% |
| Income taxes | 67/77 | €14,219 | €2,604 | -€11,616 | -81.7% |
| Profit (loss) for the period | 9904 | €47,927 | €3,530 | -€44,396 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,927 | €3,530 | -€44,396 | -92.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.